Florida Atlantic University Foundation

Boca Raton, FL: (Apr-05-07) Florida Atlantic University (FAU) former chief fundraiser Lawrence Davenport, whose contract ran through 2011, resigned and reached a severance settlement with the school. Davenport wanted to be president of a university and felt that he should leave FAU before the school began a capital campaign, which could require up to a 5-year commitment. His contract with the school would allow him to receive two years of his $241,000 base salary if he was terminated without cause. That would add upt to $482,000; so the Florida Atlantic University Foundation and the school paid him $577,950 in severance, despite a stipulation in Davenport's contract that excludes him from receiving severance if he resigns. President Frank Brogan stated that the school felt it was the right thing to do. [MIAMI HERALD: FINDRAISER SEVERANCE]

Legal Help

If you have a similar problem and would like to be contacted by a lawyer at no cost or obligation, please click the link below.

Please click here for a free evaluation of your claim

Published on Apr-10-07